{"id":2725,"date":"2022-01-03T14:21:32","date_gmt":"2022-01-03T14:21:32","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/01\/03\/existing-home-sales-data-continues-to-outperform\/"},"modified":"2025-03-13T02:39:52","modified_gmt":"2025-03-13T02:39:52","slug":"existing-home-sales-data-continues-to-outperform","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/01\/03\/existing-home-sales-data-continues-to-outperform\/","title":{"rendered":"Existing home sales data continues to outperform"},"content":{"rendered":"\n
\"HW+<\/figure>\n\n\n\n

The National Association of Realtors<\/strong> reported that existing home sales<\/a> for November came in hot at 6.46 million. <\/strong>This number is above my sales trend peak of 6.2 million, which means we have now had three straight months of sales of over 6.2 million.<\/strong> <\/p>\n\n\n\n

Early in the year<\/a>, I wrote that if existing home sales stay in a range between 5.84 million <\/strong>and 6.2 million<\/strong>, that would mean it\u2019s a good year for housing demand. We ended 2020 with 5.64 million<\/strong>, so every single existing home sales print in 2021 has been higher than what we closed in 2020 \u2014 which was higher than any single year from 2008 to 2019. <\/p>\n\n\n\n

Regarding the sales range for 2021, I had anticipated a few prints under 5.84 million and we only had one print under that number. Now, sale trends are growing into 2022 with a more positive tone. The housing crash addicts <\/a>in America had a terrible 2020 and 2021: I have always stressed that these people are professional grifters, not housing analysts.<\/p>\n\n\n\n

However, before we go into this report, I have to explain why so many people missed this surge in demand in the second half of 2021. It\u2019s the same reason I have given for many years: the American bears who are typically housing crash addicts can\u2019t read data correctly, and the mortgage purchase application data just proved my point once again.<\/p>\n\n\n\n

Early in the year, I talked about how the purchase application data would be negative year over year in the second half of 2021 due to the make-up demand in 2020 creating abnormal high comps. Typically, volumes always fall after May, but of course 2020 was an abnormal year. >>>Continued on HousingWire.com<\/a><\/p>\n\n\n\n

This article was originally published by HousingWire. The\u00a0full article is available on HousingWire.com<\/a>\u00a0<\/a>for HW+ Members.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Lead Analyst Logan Mohtashami explains NAR’s existing home sales data, which is above 6.2 million for the third month in a row.<\/p>\n","protected":false},"author":707,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[1585],"class_list":["post-2725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nExisting home sales data continues to outperform - RealTrends - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2022\/01\/03\/existing-home-sales-data-continues-to-outperform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Existing home sales data continues to outperform\" \/>\n<meta property=\"og:description\" content=\"Lead Analyst Logan Mohtashami explains NAR's existing home sales data, which is above 6.2 million for the third month in a row.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2022\/01\/03\/existing-home-sales-data-continues-to-outperform\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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